Answer:
purchases journal; expenditure cycle
Explanation:
For most retail businesses the first place transactions are recorded is the purchase or sales journal. This contains a simple lost of items purchased or sold. The information is later transfered to the general ledger.
On this scenario there was a delivery of inventory, from a vendor with whom there is an established credit relationship.
Once purchase is made on credit it is an expenditure transaction and will be recorded as such
What type of questions can be answered with economic tools without interjecting any value judgment as to whether the particular outcome is desirable or harmful
Answer:
Positive questions.
Explanation:
Positive questions is a type of questions that can be answered with economic tools without interjecting any value judgment as to whether the particular outcome is desirable or harmful.
Hence, positive questions in economics are primarily fact based and objective, thus the statements (questions) are descriptive, concise, clearly measurable, precise and without any value judgment.
For instance, asking if education trust funds by the government increases public expenditures is an example of a positive question.
Deciding which car to buy requires thinking; critical thinking, however, involves considering multiple choice how to finance the car. whether it would be a more environmentally sound choice to ride a bike. whether you have good reasons for choosing a particular car. whether you need a car at all.
Answer:
whether you have good reasons for choosing a particular car.
Explanation:
When deciding which car to buy, it is necessary for an individual to adopt critical thinking in order to decide what are the reasons that will lead him to choose a particular car.
Critical thinking will help to identify whether the features and benefits of a car model are aligned with issues relevant to the consumer, such as price, costs, design, style, etc.
The consumer when deciding to buy something goes through different stages in the purchase decision process, which is identifying needs, searching for information on solutions to their problem, analyzing the available options and purchasing. By following these steps, it is possible to develop critical thinking that will lead the consumer to make an accurate and effective purchase to satisfy their needs and desires.
The Minnesota legislature passed a law requiring that employers allow each employee adequate time within each four consecutive hours of work to utilize the nearest convenient restroom. This law is:
Answer: a statute
Explanation:
Minnesota legislature passed a law requiring that employers allow each employee adequate time within each four consecutive hours of work to utilize the nearest convenient restroom. This law is a statute.
A statute is simply a written law that has been passed by a legislative body. It is a specific statement that the legislative body has approved and also endorsed by an executive body.
f Italy can produce 100,000 more pounds of chocolate every year by forgoing the production of 200,000 pounds of pasta, what is the opportunity cost of 1 pound of chocolate
Answer: ADD 100,000+200,000+1 pound which is 16 to get your answer and it would be
Explanation: 300,016 that is your answer is this helpful??
Suppose the price of a share of Google stock is $500. An April call option on Google stock has a premium of $5 and an exercise price of $500. Ignoring commissions, the holder of the call option will earn a profit if the price of the share:_______
a. increases to $504.
b. decreases to $490.
c. increases to $506.
d. decreases to $496.
e. none of the above.
Answer:
c. increases to $506.
Explanation:
Given that the Google stock price of a share = $500
Premium on the call option of a google stock = $5
And, the exercise price = $500
based on the above information, the price of the share is
Since first we have to find the price i.e. break even which is come from
= $500 + $5
= $505
Also the price of the stock rise to the above $505 for earning the profit in the call option i.e. $506
Hence, the correct option is c. $506
The disadvantages associated with a proprietorship are similar to those under a partnership. One exception relates to the more formal nature of the partnership agreement and the commitment of all partners' personal assets. As a result, partnerships do not have difficulty raising large amounts of capital.
a. True
b. False
Answer:
B
Explanation:
A sole proprietorship is when only one person runs a business
characteristics of a sole proprietorship
Unlimited liabilityOnly one person owns the businessLimited sources of capitalDoesn't exist perpetually.
A partnership is when at least two people come together to form a business
Features of a partnership :
1. Unlimited liability
2. Limited sources of capital as they cannot raises funds in the capital market.
The article discusses three core financial implications of the business model. What are the three core financial implications, and explain each in a sentence or two. (6 points)
Answer:
Three core financial implications of the business model are:
1) Profitability of the business model: Profit is the difference between the output value (Sales or Service Revenue) and the input value (Cost of goods sold and expenses).
2) Required Assets for the business model: Each business model dictates the investments in assets that will be required to generate returns. Some businesses require large assets investments while others are less capital-intensive and as a result require less capital, but perhaps more labor. An example is an IT industry that provides software services. The capital outlay is not usually large unlike in the case of a computer hardware manufacturing entity.
3) The growth speed is another important factor that determines the outcome of each business model. Some business models are based in high-growth industries. The risk for such industries and business models is that the rate of extinction is also very high. There will always be a higher constant need for renewal in high-growth industry than in a low-growth and more sustainable industry. Growth factor is an important ingredient in determining the business model to adopt.
Explanation:
Business models are different, from one industry to another, and from one firm to another. As the company's core strategy for achieving profitability, business models are based on two core levers of pricing and costs. These dictate if a business model will succeed or not.
A ________ decision is best explained by the following: When a company’s finance department decides to go to the organizations usual bank and take out a loan whenever the company's revenues for the month are projected to be less than its expenses.
Answer:
Programmed decision
Explanation:
This is known as a programmed decision. Because it involves a structured and routine decision making to get a loan whenever revenues are less than its expenses.
A programmed decision is routine in nature and is handled by rules that have already been put in place. Such decisions have specific and clear goals, and are also well structured.
In a global context, economic development is _________________ correlated with the level and efficiency of financial markets and institutions.
Answer:
Highly
Explanation:
In a global context, economic development is highly correlated with the level and efficiency of financial markets and institutions.
Financial markets can be defined as any marketplace where the trading of securities occurs.
Types of financial markets includes:
1. Money market
2. Foreign exchange market (forex)
3. Bond market
4. Over the counter market
5. Stock market
Economic development refers to the process by which a state improves the economic, political, and social well-being of its citizens. It involves structural transformation, technological innovation and industrial upgrading which will increase labor productivity and improvements in infrastructure.
Stages of economics development includes:
1. Traditional stage
2. Pre-condition for take off stage
3. Take off stage
4. Drive to maturity stage
5. Age of high mass consumption stage
Answer:
Highly
Explanation:
In a global context, economic development is highly correlated with the level and efficiency of financial markets and institutions.
A licensee has been issued a Final Order of the FREC, suspending his license. How long a time period is the maximum a suspension can last?
Answer:
10 years
Explanation:
The maximum period for which the Florida Real Estate Commission (FREC) can suspend a license is 10 years. A suspension is temporal (even though 10 years is a long time) but when the FREC revokes a license that is permanent.
The FREC can issue 3 types of penalties depending on the offense committed:
Administrative Civil CriminalJeff was a subcontractor, bidding on a contract for ACE Corp., the general contractor. When adding up the total of materials and labor, Jeff's secretary mistakenly moved the decimal point one place, ending up with a bid of $3500 rather than $35,000. ACE Corp. accepted Jeff's bid, mostly because all the other bids were over $30,000. When Jeff learned of the mistake, he tells ACE Corp. that he cannot do the job for $3500. If ACE Corp. sues to enforce this contract, what is the most likely result?
Answer:
ACE Corp. would lose.
Explanation:
Even though this would be considered a unilateral mistake from Jeff's side, the other party, ACE Corp., could easily realize that there was something wrong with it. It is not logical to believe that Jeff would be able to build something at only 10% of the cost than the rest of the competition.
Within the relevant range of activity ______. variable costs do not change in total, only per unit fixed costs remain constant in total costs and activity can be approximated by a straight line
Answer:
False
Explanation:
Within the relevant range of activities, total fixed costs remain constant and fixed costs per unit decrease as total output increases. Total variable costs vary depending on total output, but variable costs per unit should remain constant.
On a long term basis, all costs are variable, that is why it is important to consider the range of activities, i.e. output levels.
Within the relevant range of activity, total variable costs do not change. Thus, the given statement is false.
Within the relevant spectrum of activities, total fixed costs are constant, and as total output rises, fixed costs per unit fall. Variable costs overall change with total production, but they should stay constant per unit.
Since all expenses are erratic over the long run, it is crucial to take into account the variety of activities, or output levels. A certain activity level that is restricted by a minimum and maximum quantity is referred to as the relevant range. Certain revenue or spending levels are predictable within the defined limitations.
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A company recognized an accrued salary expense in Year 1 and paid its employees in Year 2. The financial statements affected in Year 2 are the ______.
Answer:
Statement of Financial Position and Cash Flow Statement.
Explanation:
Year 2
1. Statement of Financial Position
Decrease the Liability : Salaries Owing
Decrease the Assets : Cash
2. Cash Flow Statement
Decrease in Liability : Cash Outflows
3. Income Statement
No Effect
4. Statement of Changes in Equity
No Effect
The financial statements that will be affected by this transaction are:
Balance Sheet. Income statement. Statement of Cashflows. Effect on Financial statements The Balance sheet will see a reduction in liabilities related to the accrued expense of the salary. Income statement will recognize the salary expense. Statement of Cashflows will recognize the decrease in liabilities.In conclusion, several financial statements will be affected.
Find out more about accrued expenses at https://brainly.com/question/13450378.
Karen just finished typing an important memo that she needs to send to many people, including the president of the company. Karen should _____.
Answer:
C. proofread her work carefully, ask a coworker to look it over, and correct all mistakes
Explanation:
Since in the question it is mentioned that Karen just finished the typing for an important memo and wants to send to many persons involved the president of the company
So here karen should proofread her work carefully and if it involved any kind of mistake that it should be corrected so that it would not create a bad presentation to the many people
Hence, the correct option is C.
Correcting non-compliance________ Choose one answer. a. Protects enrollees, avoids recurrence of same non-compliance, and promotes efficiency b. Ensures bonuses for all employees c. Both A and B
Answer:
a. Protects enrollees, avoids recurrence of same non-compliance, and promotes efficiency
Explanation:
Indeed, by correcting non-compliance other employees would learn a lesson that anyone who fails to comply with the company's policy would be corrected (disciplined).
Also, such corrections promote efficiency in the workplace since rules are always complied with.
A publicly owned corporation is a company whose shares are held by the investing public, which may include other corporations as well as institutional investors. Group of answer choices True False
Answer:
True
Explanation:
A publicly owned corporation is a company is a company owned by shareholders. This type of company's shares is freely traded on a stock exchange
Characteristics of A publicly owned corporation
Limited liability. the liability of owners are limited to the amount investedCentral management. The company is manged by board of directors and managers and not the shareholdersthe company is a legal entity.Which of the following is a long-run adjustment? A firm lays off two workers. Two firms exit the asbestos removal industry.
Answer:
Two firms exit the asbestos removal industry.
Explanation:
This is a long-run adjustment because, the firm left one industry to focus on other part of their business. For example, it could be due to lack of finance or profit margin been small that made the firm to quit asbestos removal industry.
Statistics indicate that over half of the world output now comes from emerging markets. This is leading to a(n) ___________ of living standards across the globe and is changing the face of business.
Answer: convergence
Explanation:
An emerging market economy is simply a developing nation's economy that is gradually growing and becoming connected to global markets.
Statistics indicate that over half of the world output now comes from emerging markets. This is leading to a convergence of living standards across the globe and is changing the face of business
A _____ is initiated by a group of consumers and enables a customer to bid on specific products or make a request for quotation (RFQ) at a common place for selling products.
Answer:
buyer-side marketplace
Explanation:
Buyer-side marketplace is where a buyer usually make demand for certain products at a place where such products are sold. Here, a single or small number of large buyers are involved whereas cost and time are reduced same with purchasing processes, which are greatly managed by the buyers. There is also the implementation of uniform pricing in this type of market model. The advantage of buyer side market place to the seller is little or no maintenance cost.
John and Lisa hold the same position at Flyberry Electronics. However, John earns more than Lisa. In the context of pay structure, which of the following justifies the organization's decision to pay John more than Lisa?
a. John works the night shift,and night hours are less desirable for most workers.
b. John is a U.S.citizen;therefore his pay should be higher than that of non-Americans.
c. Lisa is pregnant;therefore her productivity is assumed to be lower.
d. John is physically disabled;therefore he should be paid more than Lisa.
e. Lisa lives in a location where living expenses are higher.
Answer:
a. John works the night shift,and night hours are less desirable for most workers.
Explanation:
The Equal Pay Act of 1963 established that employees must earn the same wage for similar jobs performed regardless of their gender. This means that you cannot pay someone more for being a men if the job done is the same. If any difference in wages exist, it must be justifiable in some way, e.g. different responsibilities, different labor conditions, serve different markets, etc.
In this case, since fewer people want to work on the night shift, in order to attract workers, the company might pay more for doing so. US laws does not require for night shifts to be paid higher wages, but the law of demand and supply might be responsible for the higher wages (demand and supply of labor).
The economy was at point A producing 100X and 200Y. It moved to point B where it produces 200X and 300Y. It follows that Group of answer choices
Answer:
point A was a point below the economy's Production-Possibility Frontier (PPF) or the economy's PPF could have shifted outward and point A was a point on the economy old PPF.
Explanation:
Production possibility frontier is a that describes a graphical or pictorial representation of several production possibilities of a given two commodities that can be produced when both rely on the same limited resources.
Hence, in this case, the above situation illustrates that point A was a point below the economy's Production-Possibility Frontier (PPF) or the economy's PPF could have shifted outward, and point A was a point on the economy old PPF.
In 2018, Venus Fly Co. issued a $75 par value preferred stock that pays a 7 percent annual dividend. Due to changes in the overall economy and in the company's financial condition investors are now requiring a 5 percent return. What price would you be willing to pay for a share of the preferred if you receive your first dividend one year from now?
Answer:
$105
Explanation:
Calculation for What price would you be willing to pay for a share of the preferred
First step is to find the Dividend using the formula
Dividend =Par value preferred stock × Annual dividend percentage
Let plug in the formula
Dividend=$75 par value ×7%
Dividend=$5.25
Second step is to find the price using this formula
Price = Dividend ÷ Return percentage
Let plug in the formula
Price=$5.25÷5%
Price =$105
Therefore the price you would be willing to pay for a share of the preferred if you receive your first dividend one year from now will be $105.
Defining leadership as a ______ means that it is not a trait or characteristic that resides in the leader, but rather a transactional event that occurs between the leader and the followers.
Answer:
Process.
Explanation:
Defining leadership as a process means that it is not a trait or characteristic that resides in the leader, but rather a transactional event that occurs between the leader and the followers.
This ultimately implies that, beyond an individual possessing the traits or qualities of a leader, leadership in itself is a process that revolves around the activities or happenings between the leader and those who he or she is leading, which are the followers.
Hence, leadership is simply a continuous process.
Leadership is a Process.
The following information should be considered:
It is not a trait or characteristic that resides in the leader, but instead a transactional event that arise between the leader and the followers.leadership in itself is a process that revolves around the activities between the leader and those who he or she is leading,Learn more: https://brainly.com/question/994316?referrer=searchResults
Identify the following transactions that they are whihc type of market.
a. A farmer agrees to sell 10,000 bushels of wheat at the rate of $4.50 per bushel to a buyer in three months. A regulated exchange, such as the Chicago Board of Trade, completes the transaction.
b. Long-term mortgage-backed securities are traded between investors and issuers.
c. An investor holding 3,000 shares of stock of Strata Corp. sells them to another investor.
Answer:
A. Future market
B. Capital market
C. Secondary market
Explanation:
A) A futures market is an auction market in which participants buy and sell commodity and futures contracts for delivery on a specified future date. In here farmer agrees to sell 10,000 bushels of wheat to the buyer on a specified future date.
B) A capital market is a financial market in which long-term debt or equity-backed securities are bought and sold
C) The secondary market, also called the aftermarket and follow on the public offering, is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.
A region is in the middle of a very cold and snowy winter. As a result, hot chocolate has become more desirable, and many of the shipping channels for imported goods have closed due to the weather. What will happen to the price and quantity sold of hot chocolate made with imported cocoa?
Answer:
The price of hot chocolate will increase for sure due to the sudden increase in the quantity demanded and decrease in the supply. The net effects on the actual quantity demanded are not definite, since a small increase in price will probably not affect it that much and more chocolate sill be demanded, but if the prince increase is too high, probably the quantity demanded will fall.
Universal Containers has a custom object to maintain Job information with a private sharing model. The Delivery group is distributed through the Role Hierarchy based on geography. As the Delivery Group often collaborates on Jobs, all users in the Delivery profile require View access to all Job records. In special cases, the Delivery user who owns a job must be able to grant a Product Development user access to a Job record. Which two platform features can be used to support these requirements?
Answer:
"View All" Profile settings.
Manual Sharing
Explanation:
As the user who already owns a job shall grant access in that case he shall be able to "view all" profile settings which shall make the user view all the details of the other jobs available.
In order to grant any access one shall be able to modify some settings for that firstly settings view access shall be available.
Further also there shall be an option of manual sharing, which shall make the user share the details of job record manually rather than sharing the entire settings and data.
When considering the gothic tradition in literary production alone, when does it emerge most predominantly?
Answer:
During the 18th century or during the Romantic period.
Explanation:
While the concept of Gothic elements began as early as the 4th century, the literary impact was seen only from the 18th century, during the Romantic period. While the earlier and initial influences were mainly in the architecture and art forms, literary production on this tradition came after more than a decade of its inception.
The Romantics was a period of imaginative and emotional influences into literary works. Writers of this period focus on the individual's emotions and feelings, And in this period of influence, the themes of Romanticism but in a darker way began to be explored, leading to the Gothic literary genre.
Thus, the gothic tradition in literary production alone emerges most predominantly during the 18th century or the Romantic period.
The Consumer Products Division of Goich Corporation had average operating assets of $1,450,000 and net operating income of $133,100 in May. The minimum required rate of return for performance evaluation purposes is 9%. What was the Consumer Products Division's residual income in May?
Answer:
Consumer Products Division's residual income in May is $2,600
Explanation:
Residual Income is the dollar amount of the divisional operating profit over its cost of acquiring capital to purchases its operating assets.
Residual Income = Operating Income - (Operating Assets × Cost of Capital)
Therefore,
Residual Income = $133,100 - ($1,450,000 × 9.00%)
= $2,600
Answer: 130,500
Explanation: Operating Assets / Performance Evaluation
1,450,000 / 0.09 = 130,500
Based on the following information, calculate net income for Dana's Dress Shop using the traditional format. Sales $360,000 Gross Margin $140,000 Contribution Margin $110,000 Total Selling & Administrative Exp. $60,000
Answer:
$80,000
Explanation:
Calculation for the net income for Dana's Dress Shop using the traditional format
NET INCOME USING TRADITIONAL FORMAT
Using this formula
NET INCOME=Gross Margin -Total Selling & Administrative Expenses
Where,
Gross Margin =$140,000
Total Selling & Administrative Expenses=$60,000
Let plug in the formula
NET INCOME=$140,000-$60,000
NET INCOME=$80,000
Therefore the NET INCOME will be $80,000.
Answer: 80k
Explanation: Bc quizlet said so :)
The money supply in Macroland is currently 2,500, bank reserves are 200, currency held by public is 500, and banks' desired reserve-deposit ratio is 0.10. Assuming the values of the currency held by the public and the desired reserve-deposit ratio do not change, if the Central Bank of Macroland wishes to increase the money supply to 3,000, then it should conduct an open-market ______ government bonds.
Answer: purchase of 50
Explanation:
Open market operations is used when the central bank either buys or sells government securities. This is done in order to contract or expand the availability of money.
Based on the scenario in the question, if the Central Bank of Macroland wishes to increase the money supply to 3,000, then it should conduct an open-market buy 50 government bonds.